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Real Estate
The median sales price for a single-family home in Rhode Island hit $485,000 in October, a 11.5 percent year-over-year jump, the state realtors association reported on Nov. 21.
Rhode Island saw more sales (up 5 .4 percent) and more homes to choose from (inventory was up 4.9 percent), but first-time home buyers are having to do battle with shoppers armed with cash or equity.
“We’re seeing homeowners who are tapping into their equity and 401K and competing for properties with first-time home buyers without those luxuries. Many are cash buyers who are downsizing or buying a second home,” Chris Whitten, 2025 president of the Rhode Island Association of Realtors, said in a news release. “It’s tough for younger buyers to compete with that. Down-payment assistance programs help slightly, but lack of inventory, higher prices, and interest rates are still the biggest pain points preventing our younger generations from starting to build equity through homeownership.”
On Nov. 21, the average rate on a 30-year fixed mortgage hit its highest level since July, 6.84 percent, sapping the buyer power of prospective shoppers.
But the condo market offers buyers hope. The median sales price of $355,000 in October reflects a $25,000 drop in costs compared to October 2023. This led to a 15.1 percent hike in sales, the association reported.
There are more condos on the market as well, which helps to temper competition. The state saw a 37.3 percent increase in inventory, but it’s not enough to meet demand.
“At the current rate of sales, all the condominiums available for sale in Rhode Island would be sold in just over two months if no new listings went on the market,” Whitten said. “The condo market is attractive to first-time buyers due to its lower price point, but more development is the key to help get younger generations into homeownership.
“The net worth of a homeowner is $415,000 compared to $10,000 for a renter,” he added. “In the coming legislative session, RI Realtors will be focused on working closely with legislators who are willing to help remove barriers to building and enable the creation of more homes here in the Ocean State.”
The supply of single-family listings rose as well, by 4.9 percent for a 2.1-month supply. Most economists agree that a healthy market has at least a five-month supply.
Buyers may also turn to multifamily homes to pay their mortgage. Closed sales in that market were up 17.2 percent last month, with a 16.06 percent increase in the median price to $560,000, the association reported.
The typical multifamily home spent 26 days on the market before selling, while condos took 33 days and single-family homes were snapped up after 31.
Single-family properties in Kent County — home to Coventry, East Greenwich, West Greenwich, Warwick, and West Warwick — saw the biggest increase in prices, nearly 17 percent. Prices dropped in Providence County, home to the capital city, fell 6.03 percent.
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The Rhode Island Lottery offers multiple draw games for those aiming to win big. Here’s a look at Dec. 28, 2024, results for each game:
06-31-51-54-55, Powerball: 12, Power Play: 2
Check Powerball payouts and previous drawings here.
14-19-21-25-30, Lucky Ball: 09
Check Lucky For Life payouts and previous drawings here.
Midday: 5-9-3-4
Evening: 5-9-3-8
Check Numbers payouts and previous drawings here.
01-03-08-19-35, Extra: 20
Check Wild Money payouts and previous drawings here.
Feeling lucky? Explore the latest lottery news & results
This results page was generated automatically using information from TinBu and a template written and reviewed by a Rhode Island editor. You can send feedback using this form.
SLU Women’s Basketball Game Notes & Information Game No. 14 Saint Louis (6-7) at Rhode Island (5-8) Date // Time Sunday, Nov. 29, 2024 // 12 p.m. (CT) Location Kingston, R.I. (The Ryan Center) Stream ESPN+ Live Stats StatBroadcast Listen SLUBillikens.com Game Notes Saint Louis Billiken Notables Saint Louis opens up conference play on the road against Rhode Island The Billikens move to 6-7 after three straight victories leading up to the holiday break. Tierra Simon is the reigning A-10 player of the week after posting three consecutive double-double including a career-high 16 points and 17 rebounds against Bellarmine. Four…
There are many amazing states to explore in the US, particularly within the New England region. Rhode Island is one of those states with the most historical influences and legacies one may discover as a newcomer to its small towns. It was one of the original 13 colonies and the first to declare independence. Known for its seaside beauty, family-friendly locales, and nourishing historical factors, the Ocean State is nothing short of alluring and breathtaking. These timeless towns in Rhode Island are the perfect destinations to consider for your next vacation.
Located on Conanicut Island, Jamestown is a 16th-century historic town with lots of interesting splendors. The Historic New England’s Watson Farm is a 265-acre grassland haven with Indigenous history and Red Devon cattle heritage. Beavertail Lighthouse has a maritime Colonial influence with its vessel archives and coastal lighthouse vibes. Windmill Hill Historic District offers a 17th-century windmill sight for all who want simplistic beauty.
Fort Getty Park is a wildlife observation landmark full of rocky beach areas, public boating zones, and photographic pink skies. At Jamestown Arts Center, tourists can find educational and historic exhibit tours related to southern Rhode Island. Dutch Island holds old ruins from the 1860s, Fort Greble, that may appeal to American Civil War enthusiasts. For a fun-filled boating excursion, one can try the New England Sailing Center for sailing comfort and a mixture of natural and social outings. For pure intimate dining and custom seafood creations, visitors can try Beech’s iconic dining spot.
Commonly known as “Gansett” to the locals, Narragansett is a popular destination with a quiet farming history. The Towers is perhaps the most prominent aspect of tourism with its 1880s historical casino foundation and enchanting welcoming functions. South County Museum has native tribal knowledge and elegance of traditional craftsmanship. At Point Judith Lighthouse, seaside rocky lighthouse exploration and dog-friendly treks make for a timeless natural detour. There is also the Point Judith Fisherman’s Memorial, where one may discover various hilltop tributes to those who lost their lives at sea once upon a time; it is also an amazing place for sunset watching.
The Salty Brine State Beach is another coastal option for beachside amusement and gorgeous ferry sights. For a hidden gem in town, one can check out the Port of Galilee, a famed afternoon stop with busy fishing ports and East Coast scenery.
Also known as the “Birthplace of the Navy,” East Greenwich is a central part of Rhode Island history with its community vibrance and scallop recognition. The Varnum Memorial Armory is a tourist-friendly, 19th-century militia estate with revered military weapon collections and World War II operational foundations. The New England Wireless & Steam Museum houses various radio displays and steam-powered trinkets that were crucial to the late 1800s and mid-1900s.
Vacationers at The Greenwich Odeum will find plenty of entertainment options and nightlife galore within a 1920s vaudeville locale. For nature lovers, the Audubon Davis Memorial Wildlife Refuge is an ideal place to be with its relaxing hiking trails, Hunt River stopping points, and canoeing or kayaking pleasures. Those in the mood for golf and outdoor recreation may also enjoy East Greenwich Country Club’s vast green plains and grassy fairways. For an inviting and down-to-earth excursion, newcomers can dine at Siena Cucina, an authentic Tuscan diner with rich Italian cuisine and timeless farmhouse ambiance.
Originally a 15th-16th century destination, New Shoreham keeps strangers on their toes with amazing sights and historic maritime appreciation. The Block Island North Light is an 1860s standpoint with an internal museum and lots of oceanic upbringing related to the first settlers. Tourists at the 1661 Far & Garden may find appealing camels, llamas, goats, kangaroos, and other species; it is also a conservation site for wildlife enthusiasts. The Great Salt Pond is a casual landmark with shallow waters and marina scenery worth checking out.
At Rodman’s Hollow, a 230-acre outwash basin and Block Island cultural landscapes make it easy for travelers to enjoy maritime shrublands and New Shoreham tranquility. Settlers Rock is both a historical and natural option for anyone who prefers rocky coastal allure and stone walking areas. The South East Lighthouse is known for its early 18th-century shipwreck history and impressive family legacies. An underrated stop in town, the Sacred Labyrinth has magical meditation community charm, crabapple tree resting spots, and fun statue glimpses. The Beachead Restaurant is a beachfront escape for seafood dining comfort and island satisfaction.
Dating back to the 1630s, Newport is also the “City by the Sea” and “Sailing Capital of the World.” At The Breakers, visitors can experience 1890s Gilded Age history and fancy eminence within a summer cottage estate. The Marble House is another historic estate that brings to life transformative wooden colony housing and opulence in a fine manor that attracts people from all over. The Rough Point Museum generates modern attention with its urban storytelling exhibits and various significant houses, such as the Vernon House and its 17th-century pasttime relics.
The International Tennis Hall of Fame may inspire lots of newfound members with its honorary tributes to tennis athletes and championship players. Bowen’s Wharf is a casual stop with fireplace ambiance, breathtaking waterfront views, and wharf nightlife to suit all types of itineraries. For a 17th-century literary escape, one can try the Redwood Library, a research center and museum that is devoted to the rarest books and Neoclassical finds. At Hotel Viking, guests can check out comforting amenities while exploring downtown rooftop bars and luxury spas. Chanterelle Restaurant is great for attractive strawberry dishes and homemade French pastries within a classy resort.
North Kingstown, a laidback 16th-century destination with lots of undiscovered wonders, sends travelers back in time with cool locales and landmarks. The Seabee Museum & Memorial Park creates a wartime stop with Naval Battalion history and guided tours of Pacific conflicts. Wickford Village offers historical and commercial tourism with its tempting beach shops, festival events, and harbor vantage points for curious minds. At Smith’s Castle, 1670s interpretive tours and costumed roleplayers help make vacationers feel right at home while learning about colonial state history.
Compass Rose Beach makes for a fun Quonset Point beach excursion with its dog-friendly atmosphere and calming waves. Gooseneck Vineyards allows travelers to enjoy romantic evenings with smoked salmon appetizers, white wine festivities, and pomegranate social cocktail hours. Wickford Harbor provides a quaint and serene experience for anyone who loves coastal waters and chill boating vibes. John H. Chafee Rome Point Preserve creates a meaningful itinerary with its harbor seal spottings, offshore trails, and beachfront relaxation. After exploring the town, head to Wickford on the Water, where you can find clam chowder and spicy aioli to make any afternoon near beautiful waters more splendid.
Bristol is a 1740s historic town full of fascinating highlights. It is also “America’s Most Patriotic Town.” The Herreshoff Marine Museum encompasses lovely tours of yachting displays, Rhode Island coastline history, and over 60 unique boat exhibits. At Coggeshall Farm Museum, visitors may find 48 acres of tenant marsh farms and heirloom gardens; it is also a fun stop for animal lovers. Bristol Art Museum usually has foot traffic thanks to its main gallery artworks, architectural magnificence, and celebrity curator events.
Linden Place has the most endearing porch hangout spot and special arts programs to keep outsiders and residents happy. At Blithewolf Manor, Gardens & Arboretum, vacationers can enjoy Narragansett Bay views and romantically inspiring gardens that will leave a smile on everyone’s faces. For stunning natural views and uncommon detours, the 127-acre Mount Hope Farm provides shoreline amusement around Mount Hope Bay and has pretty farmlands that have been around for a long time. Bristol Town Beach is perfect for sandy adventures and public volleyball activities. The Beehive Cafe is one of the coolest spots in town for homey atmospheres, thoughtful coffee crafts, and wholesome chit-chat.
Formally incorporated in the 1680s as Sakonnet, Little Compton is a special destination that nobody easily forgets about. Little Compton Historical Society provides 1930s educational knowledge about old settlements and Wampanoag upbringing. Within the Little Compton Historic District, also known as Little Compton Commons, there are also some splendors to take in, such as Sakonnet Lighthouse, a stopping point for timeless sights.
Sakonnet Vineyard is commonplace for tourists who have a penchant for gorgeous wine-tasting pastures and beautiful New England coastlines that have been recognized since the 1970s. South Shore Beach is a mesmerizing surfing landmark featuring less crowded tourism and cozy bridge walks for casual travelers. The Young Family Farm has welcoming apple-picking activities and family-friendly farm history for all to appreciate. Donovan Studio is a hidden gem for local artistic talents and unique Sakonnet watercolor paintings. Anyone who dines at The Common’s Lunch will have no complaints when it comes to laidback American cuisine and clam cakes.
Westerly is not one to be discounted on any travel list as it boasts many exciting locales and landmarks. Babacock-Smith House Museum is quite historic with its 1730s Georgian granite architecture and local research workshops to help visitors learn more about the Colonial and Victorian eras. At the Living Sharks Museum, outsiders can check out prehistoric and modern shark exhibits with scientific demonstrations and Jaws memorabilia. The Watch Hill Lighthouse is a southeastern hotspot for peninsular history, charming coastline photography, and pivotal Rhode Island memories.
Napatree Point Conservation Area is a nature preserve with Little Narragansett Bay programs and beach cabanas for relaxing moments. The Granite Theatre has restored Greek Revivalism and downtown Broadway-esque entertainment for all ages to fall in love with. Grey Sail Brewing of Rhode Island caters to social outings and talkative tourists with its group-oriented brew tours and New England hospitality. Manfredi Farms is one of the most colorful locales in Westerly, and it has delightful seasonal produce and friendly animal petting sessions. For a hearty meal, the Cooked Goose has culinary appeal with its housemade deli salads and top-notch customer service.
These small towns in Rhode Island demonstrate true timelessness and unparalleled beauty. With awesome commercial locales and natural or historical landmarks that make for an unforgettable trip, tourists will never want to leave. No matter how familiar or unfamiliar one is with travel, you can’t go wrong with a visit to the Ocean State. The New England region awaits anyone who wants to get out and see what history lies in newfound places.
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